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Berkshire Hathaway Inc. Message Board

  • bobandjo81 bobandjo81 Jun 23, 2012 9:27 AM Flag

    Why Buy Newspapers?

    Does anyone know what the rationale is for buying newspapers? Berkshire seems to be on some sort of binge in this area recently.

    The only thing I can surmise is that Warren is now using Berkshire as his personal piggy bank and wants editorial control.

    The amount of money spent on these things will be relatively small in relation to the overall size of BRK but would be a bad sign for people who want to have this as a long term holding.

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    • Count me as one of those that cant understand why Berkshire/Buffett is buying local newspapers even at discounted prices.What I do understand is that he knows something that the rest of us dont.When the reason does come to light,we will all say"why didnt I think of that"

      • 1 Reply to tomcwright
      • How do you know that Boo-Fay knows what the rest of us don't? Have you no confidence in your own ability to analyze situations? Do you always look elsewhere for guidance?

        There is always the possiblity the Boo-Fay is wrong on this one and that when the light finally shines on him he will say "What the hell was I thinking?"

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